JK Bank chairman launches prepaid and pocket money cards

JK Bank chairman launches prepaid  and pocket money cards

Srinagar: On the sidelines of plantation ceremony at Badamvaer, Chairman and CEO Parvez Ahmed unveiled J&K Bank Pocket Money Card and J&K Bank Gift Card, two upcoming digital products of the bank, in presence of Executive Presidents Vagish Chander, S S Sehgal and Abdul Rauf, Senior President and CFO S K Bhat, Senior President Abdul […]

Digi Dhan Mela Udhampur: ‘Promote digital payments to weed out black money’

Digi Dhan Mela Udhampur: ‘Promote digital payments to weed out black money’

UDHAMPUR: With an aim to  promote Digital payment and cashless transaction in the district, a Digi-Dhan Mela was Saturday organized by District administration, Udhampur, in collaboration with J&K Bank at New Town Hall here. GoI Minister of State for Development of North Eastern Region and Prime Minister’s Office, Dr. Jitendra Singh was the Chief Guest […]

12 lakh new notes infused in the market: Jaitley

12 lakh new notes infused in the market: Jaitley

NEW DELHI: Around 12 lakh new currency notes have been infused into the market by the Reserve Bank of India ever since the remonetisation process has started, Finance Minister Arun Jaitley said Friday. The RBI has informed that till February 24, a total of 11,64,100 new currency notes are in circulation in the market, Jaitley […]

E-vehicles push: GoI to focus on public transport for impact

E-vehicles push: GoI to focus on public transport for impact

NEW DELHI: The Centre will promote large-scale use of electric vehicles in the country by focussing on public transport system that includes taxis, buses and three-wheelers, since the move is likely to help in lowering the pollution level, a top official said today. “We will be focusing mostly on the public transport. We were not […]

What has demonetisation achieved? asks Omar

What has demonetisation achieved? asks Omar

Srinagar: Former Jammu and Kashmir chief minister Omar Abdullah on Sunday questioned what demonetisation had achieved, claiming cashless transactions were declining while fake currency in circulation was increasing. “Cashless transactions (declining) Fake currency in circulation (increasing). Almost entire lot of notes demonetised back in the banks. So what is the achievement?” Omar wrote on Twitter. […]

Seized fake notes turn out photocopies of genuine 2K notes

Seized fake notes turn out photocopies of genuine 2K notes

KOLKATA: A detailed examination of Fake Indian Currency Notes (FICN) seized by Kolkata police has revealed they being  photocopies of genuine Rs 2,000 notes. This racket busted by the Kolkata police recently turned out to be a gang of petty criminals allegedly trying to pass off “poor photocopies” of Rs 2,000 notes as genuine. The […]

Govt notifies law to make banned note possession punishable

Govt notifies law to make banned note possession punishable

NEW DELHI: The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the “possibility of running a parallel economy” using the old […]

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